Transact Technologies (TACT)


Market Price (9/21/2026): $5.14 | Market Cap: $52.9 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Transact Technologies (TACT)


Market Price (9/21/2026): $5.14
Market Cap: $52.9 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail, and Travel & Leisure Tech.

Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -97%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.8%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 214x

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 56%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%

Key risks
TACT key risks include [1] its heavy reliance on a single contract manufacturer in Thailand for substantially all of its production and [2] intense pricing competition alongside a domestic casino market slowdown caused by overstocking from a large buyer.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 10%
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail, and Travel & Leisure Tech.
3 Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -97%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.8%
5 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 214x
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 56%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%
9 Key risks
TACT key risks include [1] its heavy reliance on a single contract manufacturer in Thailand for substantially all of its production and [2] intense pricing competition alongside a domestic casino market slowdown caused by overstocking from a large buyer.

TACT in ETFs

Weight = TACT's share of each fund

VTI0.00%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 9/11/2026

Transact Technologies (TACT) stock has gained about 15% since 5/31/2026 because of the following key factors:

1. Transact Technologies reported stronger-than-expected preliminary financial results for fiscal Q2 2026, which ended June 30, 2026. The company announced on August 11, 2026, that it achieved an earnings per share (EPS) of $0.00, outperforming the Zacks Consensus Estimate of -$0.01 per share by 100%. Additionally, quarterly revenue reached $13.95 million, exceeding analysts' expectations of $13.70 million.

2. The company advanced its BOHA! SaaS strategy with significant product launches and enhancements. On June 30, 2026, TransAct Technologies launched its next-generation enterprise-grade BOHA! SaaS platform. This was followed by the introduction of new BOHA! capabilities on August 4, 2026, designed to enable restaurants and convenience stores to scale into catering, thereby strengthening customer loyalty and competitive positioning within the top 500 chains.

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Updated on 9/11/2026

Transact Technologies (TACT) stock has gained about 15% since 5/31/2026 because of the following key factors:

1. Transact Technologies reported stronger-than-expected preliminary financial results for fiscal Q2 2026, which ended June 30, 2026. The company announced on August 11, 2026, that it achieved an earnings per share (EPS) of $0.00, outperforming the Zacks Consensus Estimate of -$0.01 per share by 100%. Additionally, quarterly revenue reached $13.95 million, exceeding analysts' expectations of $13.70 million.

2. The company advanced its BOHA! SaaS strategy with significant product launches and enhancements. On June 30, 2026, TransAct Technologies launched its next-generation enterprise-grade BOHA! SaaS platform. This was followed by the introduction of new BOHA! capabilities on August 4, 2026, designed to enable restaurants and convenience stores to scale into catering, thereby strengthening customer loyalty and competitive positioning within the top 500 chains.

3. Shareholder activism emerged, proposing strategic changes to unlock value. On September 11, 2026, investor Charles M. Gillman, who holds a 5.1% beneficial ownership stake in TransAct Technologies, filed an amended Schedule 13D. Gillman urged the company's board to conduct an immediate and urgent review of its BOHA! business, including exploring strategic alternatives, and called for the immediate appointment of Daniel Friedberg as board chairman, suggesting that these actions could enhance shareholder value.

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Stock Movement Drivers

Fundamental Drivers

The 14.1% change in TACT stock from 5/31/2026 to 9/20/2026 was primarily driven by a 15.0% change in the company's P/S Multiple.
(LTM values as of)53120269202026Change
Stock Price ($)4.475.1014.1%
Change Contribution By: 
Total Revenues ($ Mil)53530.3%
P/S Multiple0.91.015.0%
Shares Outstanding (Mil)1010-1.1%
Cumulative Contribution14.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2026 to 9/20/2026
ReturnCorrelation
TACT14.1% 
Market (SPY)0.9%15.9%
Sector (XLK)-0.7%17.6%

Fundamental Drivers

The 47.4% change in TACT stock from 2/28/2026 to 9/20/2026 was primarily driven by a 42.4% change in the company's P/S Multiple.
(LTM values as of)22820269202026Change
Stock Price ($)3.465.1047.4%
Change Contribution By: 
Total Revenues ($ Mil)50535.4%
P/S Multiple0.71.042.4%
Shares Outstanding (Mil)1010-1.8%
Cumulative Contribution47.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 9/20/2026
ReturnCorrelation
TACT47.4% 
Market (SPY)11.6%10.2%
Sector (XLK)36.8%13.3%

Fundamental Drivers

The 17.5% change in TACT stock from 8/31/2025 to 9/20/2026 was primarily driven by a 10.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120259202026Change
Stock Price ($)4.345.1017.5%
Change Contribution By: 
Total Revenues ($ Mil)485310.5%
P/S Multiple0.91.08.5%
Shares Outstanding (Mil)1010-2.0%
Cumulative Contribution17.5%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 9/20/2026
ReturnCorrelation
TACT17.5% 
Market (SPY)19.4%15.2%
Sector (XLK)45.1%16.7%

Fundamental Drivers

The -28.7% change in TACT stock from 8/31/2023 to 9/20/2026 was primarily driven by a -32.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120239202026Change
Stock Price ($)7.155.10-28.7%
Change Contribution By: 
Total Revenues ($ Mil)7853-32.1%
P/S Multiple0.91.08.5%
Shares Outstanding (Mil)1010-3.2%
Cumulative Contribution-28.7%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2023 to 9/20/2026
ReturnCorrelation
TACT-28.7% 
Market (SPY)75.6%15.4%
Sector (XLK)119.9%16.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TACT Return54%-42%10%-41%-2%30%-27%
Peers Return43%-27%72%42%136%202%1736%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
TACT Win Rate58%42%42%50%42%44% 
Peers Win Rate71%29%75%67%60%58% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
TACT Max Drawdown-43%-67%-37%-57%-33%-24% 
Peers Max Drawdown-15%-37%-15%-33%-37%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: P, XTND, AAPL, DELL, SNDK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

How Low Can It Go

EventTACTS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.6%23.1%
  Time to Breakeven122 days79 days
2023 SVB Regional Banking Crisis
  % Loss-28.2%-6.7%
  % Gain to Breakeven39.3%7.1%
  Time to Breakeven18 days31 days
2020 COVID-19 Crash
  % Loss-73.5%-33.7%
  % Gain to Breakeven277.4%50.9%
  Time to Breakeven334 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-40.9%-19.2%
  % Gain to Breakeven69.2%23.8%
  Time to Breakeven879 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-15.6%-3.7%
  % Gain to Breakeven18.5%3.9%
  Time to Breakeven38 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-10.2%-12.2%
  % Gain to Breakeven11.4%13.9%
  Time to Breakeven19 days62 days

Compare to P, XTND, AAPL, DELL, SNDK

In The Past

Transact Technologies's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTACTS&P 500
2025 US Tariff Shock
  % Loss-25.7%-18.8%
  % Gain to Breakeven34.6%23.1%
  Time to Breakeven122 days79 days
2023 SVB Regional Banking Crisis
  % Loss-28.2%-6.7%
  % Gain to Breakeven39.3%7.1%
  Time to Breakeven18 days31 days
2020 COVID-19 Crash
  % Loss-73.5%-33.7%
  % Gain to Breakeven277.4%50.9%
  Time to Breakeven334 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-40.9%-19.2%
  % Gain to Breakeven69.2%23.8%
  Time to Breakeven879 days105 days
2014-2016 Oil Price Collapse
  % Loss-33.1%-6.8%
  % Gain to Breakeven49.4%7.3%
  Time to Breakeven74 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-40.9%-17.9%
  % Gain to Breakeven69.2%21.8%
  Time to Breakeven715 days123 days
2008-2009 Global Financial Crisis
  % Loss-60.4%-53.4%
  % Gain to Breakeven152.8%114.4%
  Time to Breakeven79 days1085 days

Compare to P, XTND, AAPL, DELL, SNDK

In The Past

Transact Technologies's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Transact Technologies (TACT)

TransAct Technologies (TACT) is a company specializing in the design, development, and marketing of transaction-based and specialty thermal printers and terminals. These devices are used across various industries to generate essential documents such as labels, coupons, receipts, tickets, and for logging data. Complementing its hardware offerings, TransAct also provides necessary consumable products like POS receipt paper, inkjet cartridges, and ribbons, alongside maintenance and repair services.

The company offers specialized technology solutions tailored to specific market demands. For the casino and gaming industry, TransAct provides its EPICENTRAL print system, a software solution enabling operators to create and print promotional coupons directly at slot machines. Another significant offering is the BOHA! terminal, an integrated hardware and software device featuring an operating system, touchscreen, and thermal print mechanisms, primarily aimed at the food service technology market.

TransAct's diverse product portfolio serves a broad range of markets beyond food service and gaming, including point-of-sale automation, lottery, oil and gas, and government sectors. The company markets its products under several recognized brands such as BOHA!, AccuDate, and EPICENTRAL. Sales are conducted through various channels, including original equipment manufacturers (OEMs), value-added resellers (VARs), distributors, and directly to end-users via its online store.

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Here are 1-3 brief analogies for Transact Technologies (TACT):

  • A more niche Zebra Technologies, providing specialized thermal printers and smart terminals with integrated software for businesses in specific industries like food service and casinos.
  • Like HP Inc., but instead of general office printers, they focus on specialized transaction printers and smart terminals for demanding B2B environments such as restaurant kitchens, casino floors, and industrial sites.

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  • Thermal Printers and Terminals: Devices designed to generate labels, coupons, transaction records, and printed data logs across various industries.
  • Consumable Products: Printing supplies such as POS receipt paper, inkjet cartridges, ribbons, and other accessories for their printing solutions.
  • Maintenance and Repair Services: Support and repair offerings for their range of printers and terminals.
  • Refurbished Printers: Previously used printers that have been restored and resold.
  • EPICENTRAL Print System: A software solution that allows casino operators to create and print promotional coupons and marketing messages directly at slot machines.
  • Technical Support Services: Assistance and support for their hardware and software products.
  • BOHA! Terminal: A combined hardware and software device featuring an operating system, touchscreen, and thermal print mechanisms, primarily for food service technology.

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Transact Technologies (TACT) Major Customers

Transact Technologies (TACT) sells primarily to other businesses and organizations across various industries. The company's major customers are the types of entities and market segments it serves, as well as the sales channels it utilizes. Its major customer categories include:
  • Food Service Technology: Businesses in the food service industry, including restaurants and hospitality venues, utilizing their specialized terminals and printers like the BOHA! terminal.
  • Casino and Gaming / Lottery Operators: Casinos and lottery organizations that use TransAct's EPICENTRAL print system for promotional coupons and marketing messages, as well as other transaction printers for tickets and receipts.
  • Point of Sale Automation: A broad category encompassing various businesses that require transaction-based printers for receipts, tickets, and other documents at the point of sale.
  • Oil and Gas / Government: Clients in the industrial oil and gas sector and government agencies that utilize their printers for logging, plotting data, and other specialized printing needs.
  • Original Equipment Manufacturers (OEMs), Value-Added Resellers (VARs), and Distributors: These are key indirect customers and sales channels through which TransAct's products reach end-users.

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John Dillon, Chief Executive Officer
John Dillon was appointed CEO of TransAct Technologies on April 4, 2023, having served as a Board member since 2011. He is an experienced executive who has previously served as CEO of several companies, including Aerospike, Inc., Engine Yard, Inc., Navis, Inc. (acquired by Zebra Technologies), Salesforce.com, and Hyperion Solutions (acquired by Oracle). He also held director positions at companies like Intacct, BMC, Clearwell Systems (acquired by Symantec), Epicor, and HyperRoll, Inc. (acquired by Oracle). Mr. Dillon began his career as a Systems Engineer for EDS and held various sales management positions, including at Oracle Corporation.

Steven DeMartino, President and Chief Financial Officer
Steven DeMartino has been with TransAct Technologies since 1996 and is responsible for the company's overall operating strategy, as well as its finance, information technology, and human resources functions. He previously served as Executive Vice President, Chief Financial Officer, Treasurer and Secretary, and also held the position of Vice President and Corporate Controller at TransAct. Prior to joining TransAct, he worked as Controller for Copart, Inc. and as a Senior Accountant for PricewaterhouseCoopers. Mr. DeMartino is a Certified Public Accountant.

Tracey S. Winslow, Chief Revenue Officer
Tracey S. Winslow is responsible for developing and executing TransAct's global business strategies for its Global Casino, Gaming and Lottery sales and Food Service Technologies divisions.

Brent Richtsmeier, Chief Technology Officer
Brent Richtsmeier joined TransAct in 2019 and is a champion of innovations in the mobile, IoT, cloud, and AI space. He previously served as Vice President of Development for Samsung for over a decade.

Dana Loof, Chief Marketing Officer
Dana Loof leads TransAct Technologies' global marketing strategy and execution. She has more than three decades of experience driving growth for innovative SaaS and hardware companies.
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TransAct Technologies (TACT) faces several key risks, primarily centered around its ongoing investment in its Food Service Technology (FST) platform, operational dependencies, and competitive market dynamics.

Key Risks to the Business:

  1. Uncertainty of Achieving and Sustaining Profitability Amidst Significant FST Investments: TransAct Technologies has reported net losses in recent years (2024 and 2025) and has indicated that it may not sustain profitability due to substantial ongoing investments in its Food Service Technology (FST) platform, particularly for the BOHA! product development and marketing. There is a risk that these investments may not generate the anticipated returns or growth, directly impacting the company's financial health. This also includes the execution risk associated with the successful migration and insourcing of the BOHA! software source code, for which the company acquired a perpetual license.
  2. Dependence on a Single Contract Manufacturer and Customer Concentration: A significant operational risk for TransAct stems from its reliance on a single contract manufacturer in Thailand for the assembly of most of its printers and terminals. Any disruption to this manufacturer could severely impact product availability. Additionally, the company faces customer concentration risk, as Light & Wonder accounted for 9% of its total net sales in 2025. A weakening relationship with this key customer could have a material adverse effect on the business.
  3. Intense Competitive Pressures and Risk of Technological Obsolescence: TransAct operates in highly competitive markets for transaction-based and specialty printers, FST terminals, and related software applications. Many competitors possess greater financial, technical, and marketing resources. The company faces increased competition in the Point of Sale (POS) automation market, which can lead to price reductions and reduced sales. Furthermore, rapid technological changes, including advancements in artificial intelligence and machine learning (AI/ML), pose a continuous threat; a failure to innovate and keep pace could impact TransAct's competitive position and market share.

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TransAct Technologies Incorporated (TACT) operates in several distinct markets, with its main products and services addressing the food service technology, point-of-sale automation, casino and gaming, lottery, and oil and gas sectors. Here are the addressable market sizes for their key offerings:

Food Service Technology (BOHA! terminal)

  • The global restaurant technology market was valued at approximately USD 59.30 billion in 2024 and is projected to reach USD 314.85 billion by 2033, growing at a compound annual growth rate (CAGR) of 16.39%. Other estimates place the global restaurant technology market at USD 16 billion in 2024, expected to reach USD 35 billion by 2035 with a CAGR of 7.4%, or USD 5.93 billion in 2025, rising to USD 27.06 billion by 2035 at a CAGR of 16.39%.
  • The broader global food technology market, which includes kitchen & restaurant tech, was valued at USD 210.9 billion in 2024 and is estimated to grow to USD 460.7 billion by 2034, with a CAGR of 8.2%.
  • For the U.S. restaurant technology market specifically, over 70% of restaurants are implementing contactless payment systems, and nearly 60% of American diners prefer mobile ordering options.
  • TransAct has identified opportunities for its BOHA! Terminal 2 in various international markets, with Italy alone representing up to 500 additional sales, and other countries in testing representing an opportunity of approximately 3,500 additional locations.

Point-of-Sale Automation (Thermal printers and terminals, consumable products)

  • The global Point-of-Sale (POS) printers market was estimated at USD 14.02 billion in 2024 and is projected to reach USD 20.80 billion by 2030, with a CAGR of 6.7%. Another source states the global POS printer market was valued at USD 12.82 billion in 2025 and is projected to reach USD 35.97 billion by 2035, with a CAGR of 10.87%.
  • In the U.S., the POS printer market was assessed at approximately USD 5.05 billion in 2024 and is projected to reach USD 7.87 billion by 2035, with a CAGR of 10.18%. North America held the largest share of the global POS printer market, accounting for over 33.0% in 2024.
  • The global thermal printer market, a broader category encompassing POS printers, was valued at US$54.7 billion in 2026 and is projected to reach US$81.7 billion by 2033, growing at a CAGR of 5.9%. North America leads this market with a 38.1% share in 2025.
  • The global thermal paper market, relevant for POS receipt paper, was valued at USD 4.37 billion in 2024 and is anticipated to reach USD 7.68 billion by 2033, growing at a CAGR of 6.46%. The U.S. thermal paper market is projected to reach USD 1.01 billion by 2027.

Casino and Gaming (EPICENTRAL print system, thermal printers)

  • The global casino gaming equipment market was valued at USD 12.3 billion in 2025 and is projected to reach USD 15.4 billion by 2034, exhibiting a CAGR of 2.52%. Other estimates place the market size at USD 12.11 billion in 2024, projected to reach USD 19.28 billion by 2033, with a CAGR of 5.3%, or USD 13.95 billion in 2023, projected to reach over USD 21.21 billion by 2031, growing at a CAGR of 5.38%.
  • North America dominates the casino gaming equipment market, holding over 35.8% market share in 2025.

Lottery (Thermal printers)

  • The global lottery market size was estimated at USD 374.01 billion in 2025 and is projected to reach USD 596.48 billion by 2033, growing at a CAGR of 6.0%. Worldwide lottery sales were reported at $384.2 billion in 2024.
  • The global ticket printers market, which would include lottery tickets, was valued at USD 0.8 billion in 2024 and is projected to reach USD 1.4 billion by 2034, with a CAGR of 5.9%.

Oil and Gas (Specialty printers for logging and plotting data)

  • The global industrial printer market, a category that could encompass specialty printers for oil and gas, is valued at USD 13.7 billion in 2026 and is forecasted to reach USD 26.3 billion by 2036, at a CAGR of 6.7%.
  • While TransAct's products in this sector are described as "printed logging and plotting of data," the closest related market found is the 3D Printing in Oil & Gas market. This global market was valued at USD 458.7 million in 2024 and is projected to grow to USD 1.2 billion by 2032, with a CAGR of 11.3%. However, this is for additive manufacturing of components rather than 2D data printing.

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Expected Drivers of Future Revenue Growth for TransAct Technologies (TACT)

TransAct Technologies (TACT) anticipates several key drivers for its future revenue growth over the next 2-3 years, primarily stemming from a strategic pivot towards software-centric solutions within its Food Service Technology (FST) segment, supported by its established casino and gaming operations.

  1. Shift to Software-Centric Model and Recurring Revenue in Food Service Technology (FST): The company's primary growth engine is expected to be its software offerings, particularly within the FST vertical. TransAct has acquired the BOHA! software source code, enabling it to enhance existing solutions, introduce new applications, and capture higher-margin recurring revenue streams. Plans include launching TransAct's own BOHA! software version by mid-2026, developing an application store model for its terminals, and migrating customers to a public cloud platform. The long-term objective is to significantly increase monthly recurring revenue (MRR) from its installed base of BOHA! terminals, targeting approximately $200 per machine per month.
  2. Continued Expansion and Adoption of BOHA! Terminals: While the strategic focus is on software, the sale and deployment of BOHA! terminals remain crucial as they serve as the hardware foundation for the FST software solutions. The company reported a 36% year-over-year increase in BOHA! terminal sales in 2025, selling 7,317 units. Initiatives like the rollout of the BOHA! Terminal 2 LTE with large franchise operators indicate continued efforts to expand the installed base, which in turn drives recurring software and consumable revenue.
  3. Growth in Recurring FST Revenue (Software Subscriptions and Consumables): Directly linked to the software strategy, a significant driver of revenue growth is the increasing recurring revenue from FST, which includes software and service subscriptions, as well as consumable label sales. TransAct's "land and expand" strategy aims to deepen penetration within existing customer bases, leading to increased software upsells and consistent consumable purchases. Recurring FST revenue demonstrated strong growth in 2025, increasing 14% year-over-year for the full year and 24% in Q4 2025.
  4. Targeted Investments in Sales, Marketing, and Product Innovation for FST: TransAct is making "targeted and disciplined investments" in marketing and growth initiatives within the FST vertical to accelerate adoption and maintain a competitive edge. This includes strengthening its go-to-market strategy, emphasizing software upsell, forging partnerships, and expanding into specific sub-verticals within the food service market. The appointment of a new Chief Marketing Officer further underscores the commitment to competitive positioning and lead generation.
  5. Stable Cash Flow Generation from Casino and Gaming to Fund FST Investments: Although not a primary growth segment itself, the casino and gaming division is consistently identified as a "reliable cash cow" that generates stable cash flow. This financial stability is crucial as it funds the significant investments required for product development, sales, and marketing efforts in the high-growth FST sector, enabling TransAct to execute its software-driven transformation.
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Share Issuance

  • TransAct Technologies' weighted average common shares outstanding for the full year 2025 were 10.1 million, an increase from 10.0 million for the full year 2024.
  • As of February 28, 2026, there were 10,239,045 common shares outstanding.
  • Director Emanuel Hilario acquired 7,375 shares through restricted stock unit (RSU) conversions between February 27, 2026, and March 2, 2026, representing the vesting and settlement of equity awards rather than open-market purchases or sales.

Outbound Investments

  • In 2025, TransAct Technologies secured a $2.55 million perpetual, royalty-free license to the BOHA! source code from Avery Dennison, along with approximately $1.0 million in transition services, to gain long-term control over its core software.

Capital Expenditures

  • TransAct Technologies invested $60K in capital expenditures during Q3 2025.
  • The company describes a year of continued investment in its food service technology platform in 2025, spending heavily on product development and marketing for FST.
  • For 2026, the company expects to make targeted investments across the business, particularly in marketing and growth initiatives, as it shifts its focus towards software as a primary growth engine.

Better Bets vs. Transact Technologies (TACT)

Peer Outperformance in Technology Hardware, Storage & Peripherals

TACT has trailed 74% of its 19 Technology Hardware, Storage & Peripherals peers over 5Y. Technology Hardware, Storage & Peripherals ranks 6th of 12 industries in Information Technology by median 5Y return.
Share of Technology Hardware, Storage & Peripherals constituents that TACT has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
42%
of 24 industry peers · 5.6% return
3Y
24%
of 21 industry peers · -20.7% return
5Y
26%
of 19 industry peers · -64.8% return
No Technology Hardware, Storage & Peripherals peer with a comparable growth profile has beaten TACT by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Technology Hardware, Storage & Peripherals is TACT's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 54.5%185.9%278.9% TTMI 845% · FLEX 734% · SANM 435%
Technology Distributors 9 30.1%72.9%99.7% CLMB 337% · AVT 199% · SNX 156%
Semiconductor Materials & Equipment 26 90.9%83.7%97.5% AXTI 792% · AEHR 738% · KLAC 421%
Communications Equipment 36 16.3%86.8%75.8% AAOI 1451% · FEIM 1030% · LITE 1005%
Electronic Components 26 31.5%70.6%70.4% CLS 4032% · BELFA 1349% · COHR 435%
Technology Hardware, Storage & Peripherals ← 20 31.9%90.0%47.2% DELL 1150% · STX 1112% · WDC 969%
Semiconductors 55 23.7%33.9%40.8% POET 1815% · MU 1344% · NVDA 951%
Internet Services & Infrastructure 6 7.5%49.3%33.5% DOCN 64% · VRSN 44% · GDDY 38%
Electronic Equipment & Instruments 26 -16.0%9.2%-10.0% PI 225% · OSIS 117% · ACFN 108%
IT Consulting & Other Services 28 -24.6%-9.9%-29.0% CHRN 537268% · APLD 1265% · TSSI 669%
Application Software 123 -30.5%-13.3%-45.3% VIDA 176264% · INLX 5435% · PLTR 567%
Systems Software 68 -19.6%12.4%-54.0% QNC 478% · ZETA 406% · PANW 361%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

TACTPXTNDAAPLDELLSNDKMedian
NameTransact.Everpure Xtend AI.Apple Dell Tec.SanDisk  
Mkt Price5.10104.144.52336.13568.061,791.82220.13
Mkt Cap0.134.7-4,926.4366.4263.4263.4
Rev LTM534,262-466,823151,19720,24820,248
Op Inc LTM-0224-154,85914,54712,46812,468
FCF LTM2128-136,6838,56011,4948,560
FCF 3Y Avg3444-112,4025,593-3,018
CFO LTM5428-146,72412,15211,67111,671
CFO 3Y Avg4693-122,7778,566-4,630

Growth & Margins

TACTPXTNDAAPLDELLSNDKMedian
NameTransact.Everpure Xtend AI.Apple Dell Tec.SanDisk  
Rev Chg LTM10.5%27.2%-14.2%49.0%175.3%27.2%
Rev Chg 3Y Avg-10.3%15.8%-6.9%19.2%68.4%15.8%
Rev Chg Q1.1%37.7%-16.4%57.7%371.6%37.7%
QoQ Delta Rev Chg LTM0.3%8.3%-3.4%12.8%53.6%8.3%
Op Inc Chg LTM80.3%195.6%-18.9%103.1%2,359.2%103.1%
Op Inc Chg 3Y Avg-46.5%410.7%-11.5%46.1%797.0%46.1%
Op Mgn LTM-0.8%5.3%-33.2%9.6%61.6%9.6%
Op Mgn 3Y Avg-2.4%4.1%-32.1%7.8%24.1%7.8%
QoQ Delta Op Mgn LTM0.4%1.0%-0.5%1.4%20.0%1.0%
CFO/Rev LTM10.3%10.0%-31.4%8.0%57.6%10.3%
CFO/Rev 3Y Avg8.3%20.7%-29.1%7.3%-14.5%
FCF/Rev LTM3.3%3.0%-29.3%5.7%56.8%5.7%
FCF/Rev 3Y Avg5.6%13.7%-26.6%4.7%-9.7%

Valuation

TACTPXTNDAAPLDELLSNDKMedian
NameTransact.Everpure Xtend AI.Apple Dell Tec.SanDisk  
Mkt Cap0.134.7-4,926.4366.4263.4263.4
P/S1.08.1-10.62.413.08.1
P/Op Inc-123.5154.6-31.825.221.125.2
P/EBIT214.2123.7-31.823.820.131.8
P/E-131.2136.9-38.232.223.032.2
P/CFO9.681.0-33.630.222.630.2
Total Yield-0.8%0.7%-2.9%3.5%4.3%2.9%
Dividend Yield0.0%0.0%-0.3%0.4%0.0%0.0%
FCF Yield 3Y Avg6.9%--3.2%4.1%-4.1%
D/E0.10.0-0.00.10.00.0
Net D/E-0.3-0.0-0.00.1-0.0-0.0

Returns

TACTPXTNDAAPLDELLSNDKMedian
NameTransact.Everpure Xtend AI.Apple Dell Tec.SanDisk  
1M Rtn4.1%-4.1%-27.0%8.7%28.5%12.3%6.4%
3M Rtn-6.6%39.6%-27.0%12.9%38.9%-18.0%3.1%
6M Rtn58.4%55.5%-27.0%35.8%262.0%152.5%56.9%
12M Rtn5.6%55.5%-27.0%37.4%336.0%1,653.1%46.5%
3Y Rtn-20.7%55.5%-27.0%95.9%770.9%3,586.9%75.7%
1M Excs Rtn7.0%-6.3%-26.2%6.8%30.6%15.0%6.9%
3M Excs Rtn-8.6%37.6%-29.0%10.9%37.0%-20.0%1.1%
6M Excs Rtn38.3%39.7%-42.8%19.5%248.3%116.3%39.0%
12M Excs Rtn-4.1%39.6%-42.9%25.3%325.5%1,790.9%32.4%
3Y Excs Rtn-96.8%-15.7%-98.2%24.3%674.8%3,515.6%4.3%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Design, development, and marketing of software-driven technology and printing solutions for high5143735839
Total5143735839


Operating Income by Segment
$ Mil20252024
Design, development, and marketing of software-driven technology and printing solutions for high-1-4
Total-1-4


Net Income by Segment
$ Mil202520242023
Design, development, and marketing of software-driven technology and printing solutions for high-1-105
Total-1-105


Price Behavior

Price Behavior
Market Price$5.10 
Market Cap ($ Bil)0.1 
First Trading Date08/22/1996 
Distance from 52W High-12.7% 
   50 Days200 Days
DMA Price$5.18$4.22
DMA Trendupindeterminate
Distance from DMA-1.4%20.8%
 3M1YR
Volatility51.5%50.8%
Downside Capture153.1487.78
Upside Capture101.0279.04
Correlation (SPY)21.2%15.2%
TACT Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta1.450.810.720.400.610.51
Up Beta2.971.771.880.960.650.37
Down Beta0.65-1.54-1.49-1.14-0.150.31
Up Capture18%42%142%100%81%24%
Bmk +ve Days10213268138427
Stock +ve Days11193267114335
Down Capture142%170%93%37%93%95%
Bmk -ve Days11213259113324
Stock -ve Days9213056126376

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TACT
TACT11.9%51.8%0.39-
Sector ETF (XLK)40.5%26.4%1.2516.9%
Equity (SPY)16.9%12.9%0.9415.4%
Gold (GLD)19.1%29.3%0.601.3%
Commodities (DBC)46.3%20.6%1.73-4.7%
Real Estate (VNQ)4.9%13.6%0.10-2.8%
Bitcoin (BTCUSD)-30.6%44.3%-0.70-2.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TACT
TACT-15.7%54.9%-0.11-
Sector ETF (XLK)20.2%25.9%0.6918.0%
Equity (SPY)12.9%17.2%0.5718.1%
Gold (GLD)19.1%18.8%0.834.1%
Commodities (DBC)11.2%19.5%0.456.5%
Real Estate (VNQ)1.1%18.8%-0.0511.2%
Bitcoin (BTCUSD)12.5%52.5%0.426.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with TACT
TACT-1.6%54.9%0.19-
Sector ETF (XLK)24.4%25.0%0.8817.2%
Equity (SPY)15.1%18.0%0.7219.5%
Gold (GLD)12.1%16.4%0.613.8%
Commodities (DBC)8.3%18.1%0.3712.0%
Real Estate (VNQ)4.4%20.7%0.1815.8%
Bitcoin (BTCUSD)62.6%66.2%1.026.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 8152026-12.1%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest2.3 days
Basic Shares Quantity10.3 Mil
Short % of Basic Shares0.5%

Earnings Returns History

Updated 9/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/2026-8.1%-16.1%-8.5%
5/12/20261.6%10.8%59.0%
3/10/2026-8.5%-5.7%-7.4%
11/10/20250.0%-0.9%0.5%
8/6/2025-0.5%9.7%18.6%
5/13/2025-5.5%10.6%1.6%
3/13/20253.3%8.1%-0.8%
11/7/2024-0.2%-5.0%-2.4%
...
SUMMARY STATS   
# Positive91011
# Negative151413
Median Positive9.6%10.7%13.6%
Median Negative-4.7%-9.5%-12.7%
Max Positive31.9%43.6%59.0%
Max Negative-23.9%-28.2%-28.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/2026-8.1%-16.1%-8.5%
5/12/20261.6%10.8%59.0%
3/10/2026-8.5%-5.7%-7.4%
11/10/20250.0%-0.9%0.5%
8/6/2025-0.5%9.7%18.6%
5/13/2025-5.5%10.6%1.6%
3/13/20253.3%8.1%-0.8%
11/7/2024-0.2%-5.0%-2.4%
8/8/202415.2%18.7%13.6%
5/7/2024-23.9%-28.2%-23.1%
3/12/2024-14.4%-23.6%-28.4%
11/9/20239.7%11.9%12.0%
8/9/2023-9.5%-12.4%-13.2%
5/9/202324.8%25.0%30.5%
3/8/2023-4.7%-14.0%-12.7%
11/10/202231.9%43.6%54.2%
8/17/2022-3.6%-4.8%-3.8%
5/10/2022-11.9%-13.5%-20.4%
3/9/2022-4.2%-13.2%-8.4%
11/9/2021-3.0%-4.1%-24.0%
8/3/2021-4.5%-6.6%-18.0%
5/6/20210.6%-0.7%7.7%
3/9/20219.6%5.4%4.8%
11/5/2020-4.6%8.6%15.9%
SUMMARY STATS   
# Positive91011
# Negative151413
Median Positive9.6%10.7%13.6%
Median Negative-4.7%-9.5%-12.7%
Max Positive31.9%43.6%59.0%
Max Negative-23.9%-28.2%-28.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/13/202610-Q
12/31/202503/12/202610-K
09/30/202511/13/202510-Q
06/30/202508/12/202510-Q
03/31/202505/14/202510-Q
12/31/202403/24/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/14/202410-Q
12/31/202303/13/202410-K
09/30/202311/14/202310-Q
06/30/202308/10/202310-Q
03/31/202305/15/202310-Q
12/31/202203/28/202310-K
09/30/202211/14/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/14/202610-Q
03/31/202605/13/202610-Q
12/31/202503/12/202610-K
09/30/202511/13/202510-Q
06/30/202508/12/202510-Q
03/31/202505/14/202510-Q
12/31/202403/24/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/14/202410-Q
12/31/202303/13/202410-K
09/30/202311/14/202310-Q
06/30/202308/10/202310-Q
03/31/202305/15/202310-Q
12/31/202203/28/202310-K
09/30/202211/14/202210-Q
06/30/202208/18/202210-Q
03/31/202205/16/202210-Q
12/31/202103/24/202210-K
09/30/202111/12/202110-Q
06/30/202108/11/202110-Q
03/31/202105/13/202110-Q
12/31/202003/12/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/22/202010-Q
12/31/201903/16/202010-K
09/30/201911/18/201910-Q

Recent Forward Guidance

Updated 9/15/2026

Latest: Q2 2026 Earnings Reported 8/11/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported55.00 Mil56.00 Mil57.00 Mil0 AffirmedGuidance: 56.00 Mil for 2026
2026 Adjusted EBITDAReported1.50 Mil1.75 Mil2.00 Mil27.3% RaisedGuidance: 1.38 Mil for 2026


Prior: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported55.00 Mil56.00 Mil57.00 Mil  AffirmedGuidance: 56.00 Mil for 2026
2026 Adjusted EBITDAReported1.00 Mil1.38 Mil1.75 Mil  RaisedGuidance: 1.15 Mil for 2026

Q4 2025 Earnings Reported 3/10/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported55.00 Mil56.00 Mil57.00 Mil8.7% Higher NewGuidance: 51.50 Mil for 2025
2026 Adjusted EBITDAReported0.80 Mil1.15 Mil1.50 Mil53.3% Higher NewGuidance: 0.75 Mil for 2025

Q3 2025 Earnings Reported 11/10/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2025 Net SalesReported50.00 Mil51.50 Mil53.00 Mil1.0% RaisedGuidance: 51.00 Mil for 2025
2025 Adjusted EBITDAReported00.75 Mil1.50 Mil0 AffirmedGuidance: 0.75 Mil for 2025

Insider Activity

Updated 8/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dillon, JohnCEOTrustBuy31720263.4970,902247,448349,000Form
2Dillon, JohnCEOTrustBuy31720263.5629,098103,589103,589Form
3Demartino, Steven APresident, CFO, Treas. & Secr.DirectSell111720254.301,0004,300640,042Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Dillon, JohnCEOTrustBuy31720263.4970,902247,448349,000Form
2Dillon, JohnCEOTrustBuy31720263.5629,098103,589103,589Form
3Demartino, Steven APresident, CFO, Treas. & Secr.DirectSell111720254.301,0004,300640,042Form
Core Cache Last Updated: 9/20/2026